Who Are You Listening To When It Comes To Your Investment Decisions?
You think you make the decision to invest there and finally, you lost your money. Was that really your decision to put your money there or you were influenced by someone or some people directly and indirectly? Who are you listening to before making any investment decision?
If you lost your money and no one influences you to make an investment in that project, that is good. You learned your lesson and figure out your mistakes. In case, that's not your decision but you did that because of someone's advice, you should be careful. You will do it again and you will get the same result.
You will not get a different result until you change the input. And don't expect any change in your financial situation by making the same mistake again and again.
When you do trading or investment, record that. You can maintain a journal where you put all the information. Later, you can review your activities and results. And it is very important in order to make progress. You can see what you are doing, your emotional state at the time of making the decision, and your feeling when you make a profit or loss.
You find out that most of the time you lose money in investment because you hear someone's advice. There is no way you can blame others for making the bad decision. It is you who listen to them. They did not press the BUY button, you did it.
We all get a very familiar and common message when we listen to someone, that is, this is not financial advice. But back in your mind, you take it as financial advice and act accordingly. That's one of the reasons you get rekt. Of course, I'm sharing my opinions, this is by no means legal/financial advice.
When you realize what you are actually doing even though you are warned, you will not do the same thing again. You will make a change next time.
The truth is, no one is going to care about your success as much as you do. Listen to yourself, do your own research and analysis. And if you feel comfortable, only then make your investment.
You see that people are talking about how much money they are making doing something. What do you think about that? Do you have any experience? If you lose money doing that while it seems that the rest of the world making money, you should stop doing that.
Here's the thing. You think that most people are making money. The reality can be different. People who lost their money move into a silent mode. They are not there to tell you how much money you just lost. So you hear only who is making money and it seems that everyone is making money which is not true.
You can learn from others who are experts and have experience in investment, but when it comes to your investment decisions, it should be yours. Even if you make mistakes while making the decisions, you can get better at it over time since you do it.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
About Me
Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
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I believe following this part will help in moving forward and making the right decision.
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When you review your profit and loss, you can see how much you lost listening to others. You will be better off listening to yourself and be better at making decisions.
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Your absolutely right about that
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I don't really buy off other people's suggestions but I do take them into consideration and prepare a plan beforehand. Obviously, it requires me to do some research and the data you get might be out of date by the time you action it.
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While doing your research, you can see what other people are saying, the market sentiment, and the facts about the project. In my experience, listening to others and making decisions based on that can do more harm than good.
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At my age it is difficult to be influenced by people, that being said I am a do my own research kind of person.
That's great! Doing your own research can get you out of many unexpected situations!
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